$PENGU is stealing the spotlight on the Crypto community on X (formerly Twitter). Mindshare data shows that 3.19% of all conversations mention $PENGU—making it arguably the hottest asset on the platform.

Yet, while chatter reaches fever pitch, the number of unique wallets holding $PENGU slides. Over the last 24 hours, holders dipped by 0.19%, a drop of more than 1,050 addresses.

The unexpected decline hints at profit‑taking. $PENGU’s price has stormed higher this week. Seven‑day gains sit at 84%, fueled by the launch of the $PENGU Spot ETF. Traders are locking in gains. On decentralized exchanges, 1,847 wallets offloaded more than $700,000 worth of $PENGU in that span.

Still, the buzz refuses to quiet. Today alone, $PENGU has been tagged in over 310 tweets on CryptoTwitter. More than 250 key opinion leaders (KOLs) drive the mania, sharing charts, memes, and speculative calls. The DexCheck snapshot below visualizes daily sell volumes soaring alongside price action:

$PENGU sheds over 1,000 unique onchain holders, despite uptrend.$PENGU is arguably the most popular asset on CT currently. According to market attention data, at least 3 out of every 100 conversations on CT are about $PENGU (3.19% of Mindshare). However, the number of unique… pic.twitter.com/6L4cN8QOOz

— DexCheck AI (@DexCheck_io) July 14, 2025

Why the frenzy? pudgypenguins boasts real‑world chops. Its IP underpins a toy line that raked in over $13 million in sales at Walmart, Target, and other big‑box retailers. Royalties flow back to NFT holders. A gaming empire is in the works, stretching across PC, mobile, and console. That foundation sets $PENGU apart from pure play tokens.

Then there’s the ETF. Filing a spot ETF sends a powerful signal. It opens $PENGU to a wider pool of investors. Spot ETFs tend to lift liquidity and transparency. They also draw institutional interest. And when institutions sniff opportunity, markets respond.

On‑chain data confirms growing conviction. Active addresses engaging with $PENGU climbed 22% over the past week. Average transaction size jumped to $420, up 40% from values seen pre‑ETF launch. It’s a classic setup: more big players entering an asset on the rise.

$PENGU And $PEPE Historical Charts Similarities To Monitor

Even with holders thinning, whales are holding firm. Addresses controlling 10,000 $PENGU or more saw no significant change. That suggests long‑term backers aren’t spooked. They may be the same ones fueling social buzz. A chart shared by Ali Charts highlights this divergence—price up, holders down, whale balances steady.

When you look at the two charts, $PENGU is really just following what $PEPE did.

But there’s one big difference: @pudgypenguins is a brand with real-world revenue. Over $13 million in toy sales from Walmart, Target, and more. Their IP model shares royalties with NFT holders, and… pic.twitter.com/Ra8L2MYo66

— Ali (@ali_charts) July 13, 2025

Critics will point to the drop in wallets as a red flag. But in bull runs, early adopters often book profits to recycle into fresh positions or diversify. The fall in unique holders doesn’t necessarily foreshadow a downturn. Rather, it shows a maturing market where traders actively manage exposure. And fundamentals don’t lie.

$PENGU’s ecosystem is growing. Weekly active users on the Pudgy Gaming platform hit a new high of 8,200 this week, a 33% jump. Revenue-sharing from new merchandise releases and in‑game NFT sales surpassed $250,000 in the past seven days. Those figures anchor the token’s speculative price move to real‑world cash flow.

Looking ahead, $PENGU remains early. The Spot ETF is still in review, with regulatory green lights expected in the coming months. The gaming roadmap has multiple headline events lined up, from beta launches to cross‑platform tournaments. Each milestone can spark another wave of buying.

In a market driven by narratives and data, $PENGU checks both boxes. It commands conversation. It delivers real revenue. And it reads bullish on on‑chain charts. The current dip in wallet count is a blink in an otherwise dynamic uptrend. For traders and collectors alike, $PENGU still shines.

It’s a token built for today’s hype, but underpinned by tomorrow’s utility. And if you ask the market, fundamentals never felt so fun.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Filed under: Bitcoin - @ July 14, 2025 4:27 pm